Saudi-based Starvania Studios secures $1.1mln from Merak Capital and Impact46

Saudi-based Starvania Studios secures $1.1mln from Merak Capital and Impact46

Starvania Studios creates fantasy-rich gaming experiences that explore bold, imaginative worlds, guided by depth, creativity, and a vision that extends beyond gameplay. Starvania Studios creates fantasy-rich gaming experiences that explore bold, imaginative worlds, guided by depth, creativity, and a vision that extends beyond gameplay. Their goal is to build unique, high-quality games that resonate with […]

Saudi vacation rental platform Gathern raises $72 million in Series B round led by Sanabil Investments

Saudi vacation rental platform Gathern raises $72 million in Series B round led by Sanabil Investments

Riyadh, Saudi Arabia – Gathern, the Kingdom’s leading vacation rental platform, has raised SAR 270 million ($72 million) in a Series B funding round led by Sanabil Investments, a wholly owned subsidiary of the Public Investment Fund (PIF). The round also saw participation from STV, Pinnacle Capital, Nuwa Capital, Endeavor Catalyst, and several strategic investors. […]

Aramco’s Wa’ed Ventures Invests USD15mln in South Korean Chipmaker Rebellions

Aramco’s Wa’ed Ventures Invests USD15mln in South Korean Chipmaker Rebellions

Wa’ed Ventures, Saudi Aramco’s $500 million venture arm, has invested $15 million in South Korean chipmaker Rebellions Inc., marking its first investment in South Korea and aiming to advance the AI industry in Saudi Arabia. The investment will help Rebellions, which is partnering with Samsung Electronics to develop a generative AI chip, establish a new […]

Saudi-based game development studio Fahy secures $1.75mln investment from Impact46 and Merak Capital

Saudi-based game development studio Fahy secures $1.75mln investment from Impact46 and Merak Capital

Fahy partners with Impact46 and Merak Capital to accelerate gaming innovation in Saudi Arabia. Investment fuels the development of high-quality, commercially successful mobile games. Fahy aims to contribute to Saudi Arabia’s vision of becoming a global gaming hub. Riyadh, Saudi Arabia –  “Fahy”, a rising game development studio in Saudi Arabia, has secured strategic investment of […]

Impact46 powers MENA’s thriving gaming economy with SAR 25mln+ investment

Impact46 powers MENA’s thriving gaming economy with SAR 25mln+ investment

Riyadh, Saudi Arabia — Impact46 has announced investments exceeding SAR 25 million in five gaming studios — Fahy, NJD, Game Cooks, Starvania, and Alpaka — as part of its SAR 150 million Gaming Fund, launched in March 2024. The fund reflects Impact46’s long-term commitment to back high-potential founders shaping the future of digital content and gaming experiences in […]

RIFD secures investment from Antler to revolutionize SME Securitization in Saudi Arabia

RIFD secures investment from Antler to revolutionize SME Securitization in Saudi Arabia

Global VC backs first Saudi-born Shariah-compliant platform for institutional trade receivables finance. Riyadh, Saudi Arabia – RIFD, the first Saudi-born platform enabling institutional securitization of SME trade receivables, has secured a strategic investment from global early-stage venture capital firm Antler. This milestone accelerates RIFD’s mission to build the country’s first Shariah-compliant securitization infrastructure—reducing SME financing costs […]

Saudi E-Commerce Fulfillment Platform Salasa Secures $30M In Series B Round

Saudi E-Commerce Fulfillment Platform Salasa Secures $30M In Series B Round

Saudi e-commerce fulfillment platform Salasa announced Monday it has raised $30 million in a Series B funding round, bringing its total funding to $37.2 million. Salasa is evolving into an AI-driven logistics platform to enable predictive, intelligent, and automated operations. Expanding fulfillment centers, darkstores, and bonded zones to meet growing demand across Saudi Arabia and […]

Saudi AI Startup DEEP.SA Secures SAR 4.5 Million in Pre-Seed Funding Round

Saudi AI Startup DEEP.SA Secures SAR 4.5 Million in Pre-Seed Funding Round

Riyadh, Saudi Arabia – DEEP.SA, a Saudi Arabia based artificial intelligence company, has announced the successful closure of a SAR 4.5 million pre-seed investment round. The round saw participation from prominent investors Tam Development Company (TAM | تام) and Raed Ventures, marking a strong vote of confidence in the startup’s vision to localize and advance […]

Saudi Sportstech Startup Flex League Secures Six-Figure Seed Round Grow Saudi Sports-Tech Platform

Saudi Sportstech Startup Flex League Secures Six-Figure Seed Round Grow Saudi Sports-Tech Platform

Riyadh, Saudi Arabia – July 30, 2025 — Flex League, a fast-growing Saudi Arabia-based sports-tech platform focused on racquet sports, has raised a six-figure USD Seed funding round to accelerate its regional growth and product development. The round was led by The Professional Tennis Academy and PAD-L Group—strategic investors with extensive networks of padel and […]

Sanabil launches Founder University in collaboration with LAUNCH to support global early-stage founders

Sanabil launches Founder University in collaboration with LAUNCH to support global early-stage founders

Riyadh-based 12-week talent program to go live in November 2025. Partnership with LAUNCH, led by serial entrepreneur and investor Jason Calacanis Riyadh, Saudi Arabia – Sanabil Investments, a wholly owned company by the Public Investment Fund (PIF), is proud to announce the launch of Sanabil Founder University by LAUNCH, a new talent program based in Riyadh, […]